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February 2015 Vol. 2015 No. 2 www.BeckersHospitalReview.com
Hospital Review
EDITORIAL
Molly Gamble / Editor in Chief, Becker's Hospital Review
mgamble@beckershealthcare.com
Laura Dyrda / Editor in Chief, ASC Review & Becker's Spine Review
ldyrda@beckershealthcare.com
Carrie Pallardy / Editor
cpallardy@beckershealthcare.com
Heather Punke / Editor
hpunke@beckershealthcare.com
Ayla Ellison / Editor
aellison@beckershealthcare.com
Nicholas Gaudio / Senior Writer/Reporter
ngaudio@beckershealthcare.com
Kelly Gooch / Senior Writer/Reporter
kgooch@beckershealthcare.com
Shannon Barnet / Writer/Reporter
sbarnet@beckershealthcare.com
Akanksha Jayanthi / Writer/Reporter
ajayanthi@beckershealthcare.com
Emily Rappleye / Writer/Reporter
erappleye@beckershealthcare.com
Tamara Rosin / Writer/Reporter
trosin@beckershealthcare.com
Anuja Vaidya / Writer/Reporter
avaidya@beckershealthcare.com
SALES & PUBLISHING
Jessica Cole / President & CEO
312-505-9387 / jcole@beckershealthcare.com
Katie Atwood / Vice President of Operations
219-746-2149 / katwood@beckershealthcare.com
Maggie Wrona / Director of Sales/Strategy
847-533-4118/ mwrona@beckershealthcare.com
Sarah Laeuchli / Strategic Account Manager
312-448-9237 / slaeuchli@beckershealthcare.com
Maura Jodoin / Account Executive - Integrated Campaigns
708-822-1786 / mjodoin@beckershealthcare.com
Matt Anderson / Assistant Account Manager
312-448-9245 / manderson@beckershealthcare.com
Eliza Hinton / Assistant Account Manager
312-929-3493 / ehinton@beckershealthcare.com
Sarah Lohr / Assistant Account Manager
312-448-9234 / slohr@beckershealthcare.com
Ariel Leung / Assistant Account Manager
312-448-9235 / aleung@beckershealthcare.com
Scott Jones / Assistant Account Manager
312-448-9244 / sjones@beckershealthcare.com
Leah Fishbein / Client Strategy/Marketing Manager
312-448-9232 / lfishbein@beckershealthcare.com
Margo Vieceli / Client Strategy Manager
847-544-8304 / mvieceli@beckershealthcare.com
Emma Goodman / HR/Recruiting/Operations Coordinator
312-448-9239 / egoodman@beckershealthcare.com
Meghan Kelleher/ Sales/Marketing and Account Coordinator
312-448-9235 / mkelleher@beckershealthcare.com
Megan McCormack / Ad Operations/Marketing Coordinator
312-448-9246 / mmccormack@beckershealthcare.com
Lauren Groeper / Senior Director of Events
630-639-7595/ lgroeper@beckershealthcare.com
Jessica Miller / Director of Events
847-302-0303 / jmiller@beckershealthcare.com
Natalie Leoni / Content/Operations Coordinator
312-448-9233 / nleoni@beckershealthcare.com
Scott Becker / Publisher
sbecker@beckershealthcare.com
Becker's Hospital Review is published by ASC Commu-
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Spine Review, please call (800) 417-2035.
@BeckersHR
Becker's
Healthcare
Becker's Hospital
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Becker's Hospital
Review
FEATURES
7 Publisher's Letter
Compensation
11 20 Statistics on Hospital, Health System Executive Compensation
12 Nurse Compensation Mostly Unchanged from 2013 to 2014
14 The Best Executive Compensation Packages: Attractive Yet Sensible
CFO Roundtable
15 Financial Leaders Discuss Compensation Issues and Lessons Learned
Financial Management
18 The Ultimate Transaction Guidebook: How to Keep Your Hospital From Singing the
Post-Merger Blues
22 5 Traits of a Good CFO in Healthcare
23 CMS Makes Changes to RAC Program
23 2015 May Be Busy Year for Hospital Deals
24 Shifting Gears to Become a Strategic CFO: Q&A With Stanford Health Care CFO Daniel
Morissette
24 Mayo Clinic Brings Expertise to China With New Joint Venture
25 12 Questions to Ask Before Launching a Provider-Sponsored Health Plan
25 Tenet's 2015 Financial Outlook Falls Below Expectations
26 Plans for Medicare Payment Overhaul Receive Mixed Reviews
26 MedPac's Final Payment Recommendations to Congress: 5 Things to Know
Clinical Integration & ACOs
28 What if We Were Wrong About The Physician Shortage?
30 New Physicians Overwhelmed by Job Opportunities
32 A Practical Approach to Population Health: Report From the Front-Lines of Healthcare
Transformation
34 What Concerns Physicians About Value-Based Care?
34 In 10 Years, Nurse Practitioners Nearly Double
34 40-Practice Physicians Association to Drop Out of MSSP
Health IT
35 Waiting on the ROI: 3 Lessons From Health IT Investments
36 25 Health IT Data Points on EHRs, MU, mHealth and Big Data
37 6 Data Breach Predictions
37 257,000 Clinicians Face Meaningful Use Penalties in 2015
38 The Problem With EHRs: 5 Complaints From CIOs
38 Surprised Nobody Wants to Use Your Hospital's Patient Portal?
Leadership & Management
42 Healthcare Strategy 2015 — Back to the Basics: 12 Key Thoughts
47 Do Good, and Don't Complain: Q&A with Dr. Steven Gabbe, CEO of OSU Wexner
Medical Center
49 10 Most Concerning Issues for Hospital CEOs
49 With 275 CEO Departures, Healthcare Again Leads in CEO Turnover
50 Sizing Down: Why One Health System Executive
Created a Strategy Team "as Small as Reasonably
Possible"
52 Proving it Takes a Village: José R. Sánchez and
Norwegian American's Remarkable Turnaround
56 Chuck Lauer: A Hero's Advice on Helping Others
59 From the Editor's Desk: When It Comes to Party
Politics, Some CEOs Put on More of a Poker Face
Than Others
60 The Corner Office: Raji Kumar of Dallas Medical
Center on the Competitiveness and Complexity
of Healthcare
61 Hospital & Health System Executive Moves
62 Hospital & Health System Transactions
62 Advertising Index
Letters
to the Editor
Send your letters to the editor,
opinions and responses to:
editorial@
beckershealthcare.com
or Becker's Hospital Review
35 E. Wacker Dr. Suite 1782
Chicago, IL 60601
